Tags: Energy Transfer | Regency Energy | Partners | pipeline owner

Energy Transfer to Buy Affiliate Regency Energy

Monday, 26 Jan 2015 09:42 AM

Pipeline operator Energy Transfer Partners LP said it would buy affiliate Regency Energy Partners LP in a deal valued at about $18 billion, including debt.

Regency shareholders will receive 0.4066 of an Energy Transfer unit and 32 cents in cash for each Regency unit they own.

The offer works out to $26.89 per Regency unit based on Energy Transfer's Friday close, a 13 percent premium to Regency's last closing price.

© 2017 Thomson/Reuters. All rights reserved.

   
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Energy Transfer Partners agreed to buy fellow pipeline owner Regency Energy Partners LP for about $18 billion including debt, making it the second-largest master-limited partnership.
Energy Transfer, Regency Energy, Partners, pipeline owner
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2015-42-26
Monday, 26 Jan 2015 09:42 AM
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